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VAL Valirx Plc

3.10
-0.15 (-4.62%)
Last Updated: 09:33:42
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Valirx Plc LSE:VAL London Ordinary Share GB00BLH13C52 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15 -4.62% 3.10 3.00 3.20 3.25 3.10 3.25 155,187 09:33:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Medical Laboratories 0 -2.37M -0.0262 -1.24 2.93M

ValiRx PLC Update (9600H)

30/03/2020 7:00am

UK Regulatory


Valirx (LSE:VAL)
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From May 2019 to May 2024

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TIDMVAL

RNS Number : 9600H

ValiRx PLC

30 March 2020

ValiRx Plc

("ValiRx" or the "Company")

Update

London, UK . 30 March 2020: ValiRx Plc (AIM: VAL), a clinical stage biotechnology company, provides the following update:-

The Company remains critically short of working capital and as previously stated is dependent on the ongoing support of its creditors in order to continue trading.

The Company adjourned its General Meeting which was to be held on 25 March 2020 as a result of the COVID-19 situation.

The Company is reviewing options available to it in order to reconvene the meeting, bearing in mind the current restrictions on public gatherings.

The Company is in discussions with a number of potential funders who have indicated conditional willingness to invest in the Company in the event that resolutions are passed.

There is no guarantee that resolutions will be passed by shareholders at the General Meeting or that funding will ultimately be available to the Company or that creditors will be willing to extend their support to enable potential funding to occur. A further announcement will be made in due course.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information, please contact:

 
 ValiRx plc                                 Tel: +44 (0) 20 7073 2628 
                                             www.valirx.com 
 Dr Satu Vainikka, Chief Executive          Tel: +44 (0) 20 7073 2628 
 Tarquin Edwards, Head of Communications.   Tel: +44 (0) 7879 458 
                                             364 
                                             tarquin.edwards@valirx.com 
 Cairn Financial Advisers LLP - Nominated 
  Adviser 
 Liam Murray / Jo Turner                    Tel: +44 (0) 20 7213 0880 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

UPDDGGDXXSDDGGC

(END) Dow Jones Newswires

March 30, 2020 02:00 ET (06:00 GMT)

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